The joint industry and government fund is set to award £88m to 46 projects developing green vehicle technologies. This includes £44.5m from the government and £43.5m from the automotive industry through the Advanced Propulsion Centre (APC).
Major recipients include Protean Electric and Gordon Murray Group, with £22.5m invested in their projects, aiming to enhance electric vehicle (EV) efficiency and create new lightweight platforms. The combined efforts are expected to save nearly 13 million tonnes of CO2 and secure around 1,000 jobs.
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The funding covers various R&D efforts, battery/motor innovations, and emissions reduction in niche vehicles. According to Sarah Jones, Minister for Industry and Decarbonisation, this partnership will foster cleaner technologies, supporting jobs while reducing emissions across the UK.
Impact on business owners: Accelerating green tech adoption could open new markets, but businesses must adapt to increasing eco-friendly demands.
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